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You have to separate your personal finances from your business’ finances. Mixing them causes all kinds of problems. The confusion is common when people are purchasing a business. Take this example, from an email sent to our Ask the Experts forum today: Question: I am having some problem balancing the balance sheet in my business...
Question: I own a business with my brother for the past 16 years. I decided to buy my partner/brother out of the business. The business has been running a loss for the past couple of years. How do we put a value on the business without incurring the expense of a Business Expert? OK, stop...
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